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Evolution and Galaxy Gaming Extend Merger Agreement as Acquisition Progresses; Remaining Regulatory Approvals are Anticipated in Q1 2026
Globenewswireยท 2025-11-25 13:00
Core Insights - The merger between Galaxy Gaming, Inc. and Evolution Malta Holding Limited is progressing, with Mississippi's regulatory approval secured, leaving only two jurisdictions pending approval [1][3] - The merger agreement has been extended to July 17, 2026, demonstrating both companies' commitment to completing the transaction and enhancing innovation in the gaming industry [2][4] Regulatory Approval Process - The companies expect to receive the necessary regulatory approvals in the first quarter of 2026, with Mississippi's approval already obtained in November 2025 [3] - Both companies are actively collaborating with regulators to fulfill the remaining gaming approvals by the extended deadline [3][4] Company Statements - Evolution's CEO expressed confidence in the merger's progress and emphasized the importance of Galaxy Gaming's innovative products in strengthening Evolution's market position [4] - Galaxy Gaming's CEO highlighted the merger as a significant opportunity for both companies to enhance customer experiences across various gaming channels [4] Post-Merger Strategy - After the merger, Galaxy Gaming will operate as an independent business unit within Evolution, maintaining its unique culture while benefiting from Evolution's global resources [4] - The focus will be on driving omni-channel innovation and creating additional value for partners and players worldwide [4]